GPS Wealth Strategies Group LLC Acquires 104,465 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

GPS Wealth Strategies Group LLC raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 96.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,404 shares of the company’s stock after buying an additional 104,465 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 1.7% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 11th biggest holding. GPS Wealth Strategies Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $12,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $593,242,000. Leigh Baldwin & CO. LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $132,464,000. Ameriprise Financial Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 30.0% in the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock worth $362,832,000 after purchasing an additional 1,417,024 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after purchasing an additional 980,714 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after purchasing an additional 409,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

Shares of RDVY opened at $61.27 on Thursday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $64.63. The firm’s 50 day moving average is $58.08 and its 200-day moving average is $59.90. The stock has a market capitalization of $14.27 billion, a PE ratio of 15.48 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

First Trust Rising Dividend Achievers ETF Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.